The Global Warming Policy Forum has welcomed Vince Cable’s belated admission that the government’s climate policy is damaging British businesses.
Business secretary Vince Cable yesterday warned that Britain’s unilateral carbon tax is hampering UK businesses who are losing competitiveness to their counterparts abroad.
Of course it is not just the Carbon Floor Price that is driving up the cost of energy, but so are the ever rising subsidies for green energy which will amount to £8 billion p.a. by 2020.
Mr Cable is right to highlight the growing risk to British businesses that “are struggling against international competition because of the cost of energy.”
“At a time when most major economies are turning to cheap and abundant fossil fuels, Britain alone seems prepared to risk its economic competitiveness by adopting policies that are making energy ever more expensive,” said Dr Benny Peiser, the GWPF’s director.
“Given the manifest reluctance of major economies to follow Britain’s unilateral policy, the government should now suspend the fourth carbon budget and all post-2020 climate targets,” he added.